Zcash Listed on Bitget: ZEC Price to Hit $500?

Although Zcash was listed for spot trading on Bitget on the 3rd of December, 2025, ZEC price declined over 10% today. The trading pair, ZEC/USDT, was made available at 11:00 UTC on 3 December, and withdrawals were enabled on the 4th. This is a cryptocurrency that utilizes zero-knowledge proofs to make private transactions, as well as to verify those transactions. This addition means that it now has more exposure and accessibility on a large exchange. Let’s take a look at the ZEC price since this announcement.

Zcash Plummets Over 10%. Is a Reversal on the Horizon?

Zcash’s value has fallen by more than 10% in the past 24 hours, from a high of $409 to a low of $347. During this time, ZEC price has been in a very strong downtrend, with at least three major MACD death crosses on the chart, and a few oversold signals on the RSI. All of these signals have been buy signals, and while the price reacted by climbing on some, it continued downward on all. Let’s take a look at the Zcash chart and see if a bounce is in the cards.

From $409 to $351, Zcash’s Shocking Downtrend

In order to have a more detailed look at the recent price action on Zcash, let us go over the events that have taken place over the past 24 hours. On Dec 5th, Zcash received a powerful impulse, which sent ZEC price up to $399, which is also an overbought zone. After this spike, a death cross showed on the MACD, and the price had to consolidate, which was followed by support at $381.

On Dec. 5th at 6 a.m. UTC, a golden cross on the MACD also initiated a spike, after which Zcash reached its daily high at $409. This is, once again, an overbought zone and not long after that, a death cross on the MACD initiated a major downward impulse, which caused a significant decline over the rest of the day.

ZEC/USDT M15 chart, analyzed by Ali Oliyaee, published on TradingView, December 6, 2025

By December 5th, ZEC price continued to drop within a defined downward channel, reaching as low as $270 as the price entered an oversold condition. A brief upward channel formed within the larger downtrend, signaling a potential reversal. However, this brief rally was short-lived as the price broke below the lower boundary of the small upward channel, resuming its downward trajectory. Eventually, ZEC price dropped to a low of $351, marking the lowest price of the day. This analysis sets the stage for understanding whether ZEC price will stabilize or continue to fall further.

Zcash Stuck in a Tight Range: Will It Break Out Today?

Zcash is ranging as of today, 6th December 2025, between support at $347 and resistance at $362. We anticipate a continuation of this sideways movement in the near future. A break above either of these levels could lead to a continuation in that direction and potentially result in a significant shift in market sentiment and price action. Traders should monitor these levels for signs of a breakout.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.